WB - Chinese Social Media Stock Weibo Climbs On Thursday What's Going On? | Benzinga
Weibo Corp (NASDAQ: WB) reported a fourth-quarter fiscal 2023 revenue growth of 3% year-on-year to $463.67 million, beating the consensus of $454.97 million. Revenue of the Chinese social network company grew by 5% Y/Y on a CC basis.
Adjusted EPS of $0.31 missed the consensus of $0.50. The stock price climbed after the results.
Weibo’s advertising and marketing revenues climbed 3% Y/Y at $403.7 million. Value-added ...